Credit Reporting Services

The Texas General Land Office (GLO) and Veterans Land Board (VLB) are seeking a credit reporting services vendor through RFP No. 5640-RS to provide comprehensive credit verification services for applicants in the Veterans Home Improvement and Land Loan programs. The selected vendor must deliver instant tri-merge and single credit reports from Equifax, TransUnion, and Experian, including complete credit scores, judgment and lien information, fraud determinations, and skip trace services. Respondents must have been in business for at least five years and possess an automation system capable of integrating with the VLB's loan origination software. The proposal evaluation will be based on cost (35%), demonstrated experience and qualifications (30%), project approach (30%), and overall responsiveness (5%). The RFP was released on June 30, 2025, with responses due by August 1, 2025, at 2:00 p.m. CT, and the anticipated contract term is from October 20, 2025, to October 19, 2030. Proposals must include detailed pricing for various credit report types, including single and joint reports, and ancillary products like liens and judgments searches.

The solicitation does not explicitly specify set-aside designations or restrictions for disadvantaged enterprises. The contract is subject to the availability of state funds and does not guarantee a specific service volume. The RFP requires vendors to submit a comprehensive financial worksheet that includes three years of Balance Sheets and two Income Statements, with a detailed financial ratio analysis across five categories: Liquidity Ratios, Solvency Ratios, Profitability, Accounts Receivable Analysis, and Inventory Analysis. The financial evaluation includes weighted scoring mechanisms that rate a company's performance across various financial metrics, including an Altman Z'-Score calculation to assess overall financial stability and risk. While specific award values are not explicitly stated, the proposal requires detailed cost proposals for credit reporting services, suggesting the potential for a multi-year contract with varying service volumes based on the Veterans Land Board's needs.